Despite record sales, no incentive payments or benefits for local store employees

Proposed revisions will require global content providers to pay network fees to local Internet service providers

South Korea’s beloved penguin character, Pengsoo, has been featured in a campaign promoted by Asian Forest Cooperation Organization to raise public awareness of sustainable forest management in Asia. AFoCO is an intergovernmental organization which launched in 2018 to combat climate change and foster sustainable management of Asia’s forests. The organization has been hosting the #REForest2022 challenge, which stands for Rescue Earth’s Forests, since March 21 to promote publi

Naver Corp., South Korea's top internet portal operator, said Thursday its net profit plummeted 99 percent on-year in the first quarter due to a low base effect. Net profit reached 151.4 billion won ($122.5 million) during the January-March period, compared with 15.31 trillion won in the previous year, the company said in a regulatory filing. The record high net profits for last year's first quarter was due to accounting profits reflected from the business integration of its messaging firm Line

Visitors enjoy a riding experience on next-generation urban air mobility vehicles with virtual reality headgear mounted at SK Telecom’s exhibition booth at the World IT Show on Wednesday at Coex in Seoul. The annual tech event, hosted by the Science Ministry, runs from Wednesday through Friday.

Real estate platform Rsquare mobilizes human intelligence to compile commercial building data in Korea and in Vietnam

SK ecoplant said Wednesday that it will begin producing glass fiber reinforced polymer (GFRP) bars as an alternative to steel bars. SK ecoplant will be the first to make GFRP bars made from elements extracted from used plastic bottles, which the company named “KEco-Bar.” Manufacturing GFRP bars does not involve using scrap iron limestone, thus reducing carbon emissions by more than 50 percent compared to manufacturing steel bars. GFRP bars do not get rusty when in contact with wat

A key mergers and acquisitions dealmaker at Samsung Electronics has recently been relocated to join an in-house think tank, fueling speculation about the tech giant’s long-awaited “mega deals” in chips or other growth driver sectors. According to industry sources on Wednesday, Ahn Joong-hyun, an executive vice president at Samsung’s business support task force, was promoted to president last week to lead a future business division at Samsung Global Research. Ahn, 58,

KT Corp. said Wednesday it has restored the voices of patients who are losing their voices due to Lou Gehrig’s disease using its personalized text-to-speech (P-TTS) technology. Based on a small sample of a patient’s voice recordings, the technology replicates his or her vocal tone and manner of speech using artificial intelligence based on deep learning, the telecom company said. When a patient types a message on KT’s Maeum Talk app, the app reads the message in his or her v

Samsung Galaxy Quantum 3, the latest midrange 5G smartphone powered by a chipset with quantum cryptography technology, is poised to start shipping on April 26 in South Korea, domestic mobile carrier SK Telecom said Wednesday. The chipset with quantum random number generators will allow access for smartphone users to security features for digital activities via mobile apps -- ranging from mobile banking to payments, social networks and games -- as well as for external data storage. “The

LG Magna e-Powertrain, a joint venture between LG Electronics and Magna International, will build a $100 million plant that manufactures General Motors electric vehicle components, scheduled for completion in 2023, the company announced Wednesday. The 25,000 square-meter factory will produce inverters, motors and on-board chargers to support North America-focused EV production of GM, as GM was tapped to become a foundational customer for the new facility. The plant will be located in Ramos A

GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will adjust vehicle production and relocate workforce in its plants amid an extended global chip shortage. GM Korea and its union agreed to switch to a one-shift system, or regular daytime shift, from the two-shift system at the No. 1 Bupyeong plant from May 1, "to flexibly respond to market demand," the company said in a statement. The union also accepted the company's plan to relocate 1,200 workers in the No

　Sales of imported vehicles in South Korea fell 8.7 percent in March as chip shortages continued to affect vehicle production, an industry association said. 　The number of newly registered foreign vehicles fell to 24,912 units last month from 27,297 units a year ago, the Korea Automobile Importers & Distributors Association said in a statement. 　The three bestselling models last month were Mercedes-Benz’s E 250 sedan and E 350 4MATIC sedan and BMW’s 520 sedan, it said. &n

Han Sung Motor, Korea‘s official Mercedes-Benz dealer, announced Tuesday that it has signed a brand partnership with CJ Logistics to support the Superrace Championship, which the logistics company hosts this weekend. The CJ Logistics Superrace Championship is the only stock car race in Asia and is the biggest motor sports event in South Korea. The two-day race kicks off this Saturday at the AMG Speedway in Yongin, Gyeonggi Province. The partnership comes in response to consumer’s

Units of Hyundai Motor’s compact vehicle Casper ready for shipment are sparsely parked at Gwangju Global Motors, a joint venture manufacturing plant between the carmaker and the Gwangju city government on Tuesday. Located in South Korea’s southwestern city of Gwangju, the plant is capable of manufacturing 200 vehicles a day, but suspended its operations due to a prolonged supply shortage triggered by the Shanghai lockdown.